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Philippines to import 250,000 tonnes of rice in June

MANILA — The Philippines, one of the world’s top rice buyers, will issue a tender to import 250,000 tonnes of the grain next month, to boost low stockpiles before the lean harvest season and to offset potential crop damage during the typhoon season. The tender is open to private traders in major exporters Thailand and […]

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TPP countries keep trade deal alive without US

HANOI: Countries in the Trans-Pacific Partnership (TPP) agreed yesterday to look at ways to move the trade deal forward without the United States after President Donald Trump pulled out in favour of an “America First” policy. The decision kept the agreement alive, but fell short of a wholehearted commitment to move ahead immediately. It came […]

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Philippines: Infra spending to boost GDP

MANILA, Philippines –  The massive infrastructure spending lined up by the Duterte administration may boost the country’s output by at least 1.5 percent per year, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Diwa Guinigundo said during the Economic Forum 2017 organized by BusinessWorld that the government has committed to spend P8.4 trillion […]

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Laos has yet to fully benefit from trade privileges

Although Laos is enjoying Generalised System of Preferences (GSP) exemption from over 50 nations around the world, the country is still unable to fully benefit from the special treatment. The Ministry of Industry and Commerce recently described a number of challenges Laos is facing in order to fully benefit from trade privileges. One of the […]

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